First National City Bank New York v. Smith

DOOLIN, Justice.

We assume jurisdiction, accept Petitioner’s (National City’s) Application and Petition seeking extraordinary relief of mandamus and prohibition by virtue of Article VII, Section 4 of the Constitution of the State of Oklahoma which grants to us general superintending control over all the courts of Oklahoma.

The duality of Federal and State court systems as to jurisdiction and venue is tested by this action, and we are called upon to decide whether State courts have been granted venue of an action authorized .under the Securities Act of 1933, 15 U.S. C.A. § 77a et seq.,…